Cybersecurity is one of the major concerns that businesses face, especially when it comes to ensuring the safety of their privileged accounts. These are accounts that cannot be accessed by every user. Only the admins are provided the permission to access or change these accounts. Keeping these high-risk data protected against hackers and cyberattacks is extremely vital, and the best way to do so is to invest in robust privileged access management software. In this post, we will provide you with a brief description of this software, what are some of the key features that you need to look for while investing in this software, and which are the six best-privileged access management software to use in 2022.

What is Privileged Access Management Software?

A Privileged Access Management (PAM) software is a suite of solutions that provides top-notch security measures that organizations can implement to monitor, track, and maintain the activities of their privileged users. Organizations can use this software and its functionalities to assign privileged access to specific individuals, avoid providing access to unnecessary people, protect the business with additional security layers, etc.

With remote working becoming the standard, it is even more crucial for businesses to ensure that their data and privileged information are not prone to cyberattacks. Hence, it is recommended that you invest in the best-privileged access management software and keep all the risks of cyberattacks and hackers at bay.

Five key features to look for in your PAM software

If you have decided to go ahead and invest in PAM software, you need to ensure that it offers the five key features that are crucial to any and every PAM software. These five key features are”

• Multi-factor authentication
• Audit trails for compliance
• Password vaults
• Access workflow governance
• Provide support for hybrid hosting services

6 best privileged access management software

Today, there are several Pam software available in the market, offering different features and functionalities. Read on to find out which of them are our top six picks! 

1. ARCON PAM

ARCON PAM is a privileged access management software that uses advanced security systems to keep all your privileged information safe and secure. Best suited for medium-sized and large enterprises, it offers all the features that you would need in PAM software. Businesses can use ARCOM PAM to manage the entire lifecycle of all their privileged accounts, reduce the risk of exploitations and cyberattacks, etc. This software provides a robust multi-factor authentication that ensures that unauthorized users do not gain access to privileged accounts. ARCON PAM is considered as one of the top PAM software because of its wide range of features and excellent customer support. 

Features

Some of the key features of ARCON PAM are:

• Multi-factor authentication
• Single Sign-On
• Password vault
• Activity logging
• BYOD support
• Audit logging
• Anomaly detection
• Approval workflows
• Automated provisioning
• Centralized management
• Self-service access requests
• Just-in-time privileges
• Knight analytics
• Privileged Elevation and Delegation Management (PEDM)
• Virtual grouping
• Application gateway server
• Auto-discovery
• Session monitoring
• Password reconciliation

Key Advantage

• One of the key advantages of ARCOM PAM is its robust security features which also includes the feasibility to differentiate and provide access to different user groups.

Pricing Plan

ARCON PAM offers custom pricing, and more details can be found on their official website.

2. BeyondTrust PRA

If your business involves sharing large amounts of data and networks with various third-party vendors and apps, then you must check out BeyondTrust PRA. Available both as a software and a virtual appliance, it edges over some of the other top privileged access management software by providing some out-of-the-box adjacent technology integrations. You can use this PAM software to perform all the key functionalities related to your privileged accounts without having to depend on a VPN. This PAM solution is also considered as one of the best solutions for organizations with remote workers as it also offers a mobile app that can be used by privileged users to access the required data/information. 

Features

Some of the key features of BeyondTrust PRA are:

• Privileged access controls
• Advanced session monitoring
• Attack surface reduction
• Privileged passwords vaulting
• Flexible mobile and web consoles
• Audit & Compliance
• Streamlined privileged session management
• Seamless credential injection
• Consolidated access pathways
• Cloud & Virtualization security
• Productive security

Key Advantages

• One of the key advantages of BeyondTrust PRA is its secure remote support which makes it an ideal privileged access management solution for companies who have the majority of their employees in remote locations.

Pricing Plan

BeyondTrust PRA offers quotation-based custom pricing. You can opt for their free trial/demo and find out more about their pricing plans on their official website.

3. Foxpass

Foxpass is another top privileged access management software that is available as a SaaS solution as well as a self-hosted solution. Organizations can use this PAM solution to perform a wide range of functionalities, such as automating server and network access, providing single sign-on across the business, enabling multi-factor authentication for extra security, etc. This is a highly scalable solution that can be seamlessly integrated with various third-party products like Outlook, Google Workforce, etc. Because of its easy-to-use interface, scalability, easy setup, and deployment, Foxpass is highly recommended for businesses ranging from small to medium to large enterprises. Overall, this PAM software provides all the key features to ensure that your data remains safe and secure.

Features

Below are some of the key features of Foxpass:

• Access certification
• Credential management
• Privileged account management
• Single Sign On
• Self-service access request
• User activity monitoring
• Behavioral analytics
• Compliance management
• Password management
• Multi-factor authentication
• Remote access management
• Endpoint management
• Access controls/Permissions

Key Advantages

• Majority of the users love Foxpass for two major reasons – their top-notch customer support and the ease with which you can set up the software. 

Pricing Plan

• 30-day free trial
• Standard – $3/user/month
• OS Logins – $5/user/month
• Engineering – $7/user/month

4. Thycotic Privilege Manager

If you have a medium-sized or large enterprise and are in search of an effective and efficient privilege access management software, then we recommend Thycotic Privilege Manager. This robust PAM software comes equipped with all the necessary features and functionalities, such as a centralized vault for storing privileged credentials, automatic credential rotation, workflow setup, real-time monitoring, session controls, and more. It also offers integrations with platforms like Active Directory, ServiceNow, SysLog/SIEM, etc. Businesses can also take advantage of the unified reporting dashboard to review key metrics, such as activity logs, evaluate data, etc. This is definitely one of the best PAM software currently available that can help businesses reduce the risk of security threats and active malware.

Features

Some of the key features of Thycotic Privilege Manager include:

• Application control
• Local security
• Integrations
• Enterprise readiness
• Auditing & Reporting
• Discovery
• Behavioral analytics
• Access controls/Permissions
• Policy wizard
• Interactive console
• Reporting dashboard
• Reverse proxy
• Sandboxing
• Local admin rights removal

Key Advantages

• One of the key advantages of Thycotic Privilege Manager is that it is highly flexible as it offers endless customizations and is scalable as per your business needs.

Pricing Plan

Similar to most of the top privilege access management software listed here, Thycotic Privilege Manager also offers quotation-based custom pricing. Visit their official website to request for a demo and pricing quotation.

5. CyberArk PAS

Next in our list of top six privilege access management software is CyberArk PAS. This PAM solution enables businesses to minimize their security risks and be in sync with all the compliance requirements in an efficient and effective manner. Organizations can use this PAM software and its policy-driven solutions to manage, monitor, and keep all their privileged accounts safe and secure. From providing multi-layered access security to 500+ out-of-the-box integrations to providing detailed reports on user activity, there is a lot that CyberArk PAS offers to its customers. This platform also offers Core Privilege Access Security (PAS) solution which includes several features, such as video recordings, automatic suspension/termination of privileged sessions in case any suspicious behavior is detected, automatic credential rotation, etc. Overall, this PAS software is ideal for use by businesses of all sizes – from small to medium to large enterprises.

Features

Some of the key features of CyberArk PAS include:

• Access management
• Audit management
• Behavioral analytics
• Access controls/Permissions
• Compliance management
• Credential management
• Multi-factor authentication
• Policy management
• Self Service portal
• Least privilege
• Incident management
• Endpoint management
• Password management
• Reporting/Analytics
• Single Sign On
• Integrations
• Vulnerability scanning
• Threat intelligence

Key Advantages

• A major advantage of using CyberArk PAS is its simplicity. With this platform, you can maintain your privilege management portal and vault within your network firewall by connecting it to your application landscape and server ecosystem.

Pricing Plan

CyberArk PAS offers custom pricing and more information regarding this can be found on their official website.

6. Centrify Zero Trust Privilege

Centrify Zero Trust Privilege is another efficient privilege access management software that provides all the required features to keep your privileged accounts and data safe and secure. Loaded with features like password vault, multi-factor authentication, secure remote access, and more, you can rest assured that your privileged accounts are safe from any suspicious threats. This PAM solution leverages a zero-trust approach which ensures that complete security is in place. This platform also uses machine learning to monitor and understand the users’ login patterns so that it can accordingly allow or block access. Centrify Zero Trust Privilege is delivered as a SaaS solution and it can be easily integrated with other platforms. If your business has a hybrid or cloud working environment, then this PAM software is definitely worth checking out.

Features

Some of the key features of Centrify Zero Trust Privilege are:

• Access certification
• Multi-factor authentication
• Audit management
• Credential management
• Dashboard
• Compliance management
• Password vault
• Secure remote access
• Access approval workflows
• Behavioral analytics
• Privilege threat analytics
• Password management
• Single Sign On
• Server monitoring
• Least privilege
• Policy management
• Reporting
• AI/Machine Learning

Key Advantages

• One of the key advantages of Centrify Zero Trust Privilege is the amount of flexibility it offers with regards to multi-factor authentication (MFA). Apart from applying MFA at the entry level, you can also apply it at password checkout, whenever there is any new request, or during remote session initiation.

Pricing Plan

Centrify Zero Trust Privilege also offers a free trial and quotation-based custom pricing. To know more about their pricing plans, do check out their official website.

Conclusion

So, there you have it – our top six picks for the best-privileged account management software to use in 2022. Most of these PAM software offers the same features and functionalities along with some additional options. Hence, we recommend that you thoroughly analyze each of these software, ensure that they are apt for your business requirements, and only then invest in the most ideal one.

If you are looking for more useful software for your business needs, visit SaaSworthy today where you will have access to information about more than 40,000 software across 300 different categories!

Also read:

• Top Unified Endpoint Management Software To Try In 2022
• Top 5 SEO Software to Try for Business in 2022